Meta Platforms Inc's stock is trading lower despite reporting a 23% YoY increase in Q3 revenue to $34.15 billion and earnings of $4.39 per share, up 168% YoY. The company expects Q4 revenue to be between $36.5 billion and $40 billion. However, CFO Susan Li's cautious commentary about volatile ad spending due to the Middle East conflict has led to a drop in share price. Analysts from Keybanc, Rosenblatt, and Barclays have updated their price targets for Meta.